Small Businesses: Billing

(asked on 13th March 2018) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the oral contribution of hon. Member for Burton of 13 March 2018, what plans he has to ensure that signatories to the Prompt Payment code comply with the requirements of the code.


Answered by
Andrew Griffiths Portrait
Andrew Griffiths
This question was answered on 16th March 2018

The Chartered Institute of Credit Management (CICM) administer the Prompt Payment Code on behalf of the Department for Business, Energy and Industrial Strategy (BEIS). If suppliers believe that a signatory has breached the principles of the Code, they can raise a complaint with CICM who will investigate further on a case by case basis. At Spring Statement, my Rt hon Friend the Chancellor of the Exchequer announced that BEIS will lead on a call for evidence; this will consider evidence to ensure unfair payment practices are eliminated for small business.

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